Oak Hill Advisors and Värde Partners said they have entered into an agreement to acquire a $1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to close in the third quarter of 2018 pending regulatory appro

Deutsche Bank today announced the appointment of Ahmed Shehab as Head of Trade Finance for Financial Institutions (TFFI) in the Middle East and North Africa (Mena) and Turkey in addition to his current role as Head of Deutsche Bank AG Represen

Deutsche Bank has appointed Fred Hilal as the new head of wealth management in the Gulf region (excluding Saudi Arabia).
In his new role, Hilal will lead Deutsche Bank’s client coverage across the Gulf. Based in Dubai, he wi

A reported 10 percent stake in Deutsche Bank held by its biggest shareholder, Qatar's Al-Thani family, includes purchase options amounting to nearly 2 percent, a person familiar with the situation told Reuters on Monday.
The s

Deutsche Bank warned it may need deeper cost cuts to turn itself around, after revenue fell sharply in the second quarter due to challenging markets and low interest rates.
"If the current weak economic environment persists,

Deutsche Bank is looking to sell at least $1 billion of shipping loans to lighten its exposure to the sector whose lenders face closer scrutiny from the European Central Bank, sources told Reuters.
While the oi

Paramount Services Holdings, the investment fund of the Qatari royal family, issued a statement on Wednesday in support of Deutsche Bank chairman Paul Achleitner.
The statement comes after Germany's manager Magazin quoted a pe

Deutsche Bank has appointed Rafik Nayed as the chief country officer (CCO) for the United Arab Emirates and senior executive officer of Deutsche Bank AG Dubai (DIFC) Branch.
Effective immediately, Nayed takes over from Nadeem Masu

Dubai-based United Arab Shipping Company (UASC) said that it has selected Deutsche Bank to provide advanced cash management solutions in 18 countries across Europe.
UASC is among the largest shipping lines in the Middle East, and